- Last Ratings Update:10/31/2015
- Price as of 10/31/2015 :$111.91
- Net Assets:$146.1 Million
- Peer Rank:15 of 304
- Investment Rating:A+
We rate Guggenheim S&P 500 Eq WgCon St ETF at A+. This overall rating indicates it is among the top 10% of all closed end funds in its peer group. Positive factors that influence this rating include a well above average total return, low price volatility and low expense structure. The fund invests approximately 100% of its assets in stocks and may be considered for investors seeking a Growth - Domestic strategy.
POSITIVES AND RISKS
Total return ranks very high in comparison with peers over the last three years. The Guggenheim S&P 500 Eq WgCon St ETF has returned an annual rate of 12.20% since inception. More recently, the fund has generated a total return of 17.25% in the last five years, 20.17% in the last three years, and 13.05% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 95% of them. It has also outpaced 93% of its competitors on a three year basis and 92% of them over the last year for the period ending 10/31/2015. On a year to date basis, RHS has returned 8.67%.
Downside risk has been below average. RHS has a draw down risk of -4.96%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 10.7%. This fund has had a low level of volatility in its monthly performance over the last 36 months. As of 10/31/2015, the fund was trading at a price of $111.91, which is 2.9% below its 52-week high of $115.25 and 6.3% above its 52-week low of $105.27.
Low expense ratio helps performance. On total assets of $146.10 million, RHS maintains a low expense ratio compared to its Growth - Domestic peers of just 0.40% to cover all operating costs. Brokerage costs for the fund to buy and sell shares are not included in the expense ratio. As RHS is an exchange traded fund, it has no front end or back end load.
The Guggenheim S&P 500 Eq WgCon St ETF is managed by James R. King at Guggenheim Investments. This fund is one of 30 Guggenheim Investments exchange-traded funds launched since 4/24/2003 that we track.
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